Vancouver, British Columbia--(Newsfile Corp. - August 30, 2021) - Altaley Mining Corporation ("Altaley" or the "Company") (TSXV: ATLY) (OTC Pink: ATLYF) (FSE: TSGA) announces strong financial and operating results for the three months ended June 30, 2021 (Q2 - 2021). The Company's Financial Statements and Management Discussion & Analysis ("MD&A") are available on the Company's website at www.altaleymining.com and www.sedar.com. All financial information contained in this news release is unaudited and reported in CDN$, unless otherwise stated.

Q2 - 2021 Financial and Operational Highlights

Mine operating profit of $9.1 million and total income of $7.6 million during the quarter and mine operating profit of $14.2 million and total income of $11.4 million year to date

Gross revenues of $24.5 million during the quarter generated from 11,854 tonnes of zinc concentrate sold with an average of 46% zinc and 639 g/t silver. The Company also sold 2,668 tonnes of lead concentrate with an average of 22% lead, 723 g/t silver and 5.7 g/t gold. During the quarter the Company produced 11,812 tonnes of zinc concentrate grading an average of 46% zinc, 2.13 g/t gold, 656 g/t silver. The Company also produced 2,648 of lead concentrate grading an average of 22% lead, 6.27 g/t gold, 751 g/t silver

Total C1 cash cost per pound of zinc US$0.48 and all-in sustaining costs* ("AISC") of US$0.77 during the quarter

Cash flow from operations before changes in non-cash working capital of $6.5 million and $11.6 year to date

The Company processed 164,047 tonnes of mineralized material, averaging 1,803 tonnes per day, grading 4.5% zinc, 0.34% copper, 129 g/t silver and 1.16 g/t gold

Mineralized material mined during the period was 182,455 tonnes grading 4.20% zinc, 1.09% lead, 125 g/t silver and 1.12 g/t gold
"Steady production rates during the quarter, plus implementation of operational efficiencies combined with higher metal prices has resulted in another strong quarter with positive results from the operations at Campo Morado," stated Ralph Shearing, CEO. "As a result of higher revenues and improved cost per tonne, the Company has achieved another quarter with solid mine operating profits and positive cash flows from the Campo Morado Mine."

zie more on www.altaleymining.com